| U S Liquids, Inc. | |||
| Ticker: | USL | 411 N. Sam Houston Parkway East, Suite 400 | |
| Exchange: | American Stock Exchange | Houston, TX 77060 | |
| Industry: | Other (SIC Code 9511) | (281) 272-4500 | |
| Type of Shares: | Common Shares | Filing Date: | 6/26/97 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 8/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.50 - $10.50 | |
| Primary Shares: | 1,500,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.69 | |
| Offering Amount: | $14,250,000 | Selling: | $0.37 | |
| Expenses: | $747,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,738,875 |
| Manager | Tier | Phone |
| Van Kasper & Company | Lead Manager | (415) 954-0630 |
| Sanders Morris Mundy Inc. | Co-manager | (713) 250-4281 |
| Issuer's Law Firm: | Hartzog Conger Cason & Hargis |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $31.14 | $7.86 | $7.31 | Assets: | $43.15 |
| Net Income: | $2.51 | $0.86 | $0.38 | Curr Assets: | |
| EPS: | $0.37 | $0.13 | $0.06 | Liabilities: | $40.74 |
| Prior EPS: | $1.96 | $0.27 | Curr Liabilities: | ||
| Cash Flow/Oper: | $1.54 | Equity: | $2.42 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was formed in 1996 to become a leading national provider of services for the treatement, processing, recovery and disposal of nonhazardous commercial liquid wastes. This includes nonhazardous commercial waste (NCW) generated by restaurants, meat processors, other food processors, grocery stores and other generators and nonhazardous oilfield waste (NOW) generated in the exploration for and production of oil and natural gas. NCW currently handled by the company includes used cooking oil and other food processing residuals, grease trap and grit trap waste, oil-contaminated water and other industrial and commercial wastewater. NOW treated by the company consists primarily of oil, grease, chlorides and heavy metals found in oil-based and water-based drilling fluids, as well as cuttings, saltwater, workover completion fluids, production pit sludges and soil containing these materials. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain indebtedness, capital expenditures, working capital and general corporate purposes, which are expected to include future acquisitions. |